Advantages to Buying a Foreclosure Right now, many people are considering buying a home. With low mortgage interest rates and low home prices, there are a lot of great deals out there. If you can buy a foreclosure, there are even better deals. Real Estate Pro Articles points out that there are some definite advantages [...]
Latest News in Refinancing Home Mortgages – April 16, 2009
April 16, 2009 By Leave a Comment
Meltdown 101: Is there a downside to mortgage aid? – Associated Press NEW YORK (AP) — It’s welcome relief for homeowners struggling with mortgage payments. The new federal program to let people refinance or modify their mortgages is expected to help millions of Americans lower monthly payments and avoid foreclosure … Should you skip your [...]
Latest News in Refinancing Home Mortgages – April 09, 2009
April 9, 2009 By Leave a Comment
Mortgage applications continue rise – Boston Globe WASHINGTON – Mortgage applications continued to rise last week, as low interest rates allowed borrowers to refinance their home loans at the lowest rates in decades. The Mortgage Bankers Association said yesterday its seasonally adjusted weekly … About half of laid-off workers are settling for lower pay – [...]
Latest News in Refinancing Home Mortgages – April 02, 2009
April 2, 2009 By Leave a Comment
A bump in pending home sales – Herald Tribune An index that tracks signed contracts to purchase previously occupied homes rose in February from a record low a month earlier as buyers took advantage of deeply discounted prices and low interest rates. The National Association of Realtors said … Help on way for those unable [...]
Latest News in Mortgages and Home Loans- March 31, 2009
March 31, 2009 By Leave a Comment
Bank Failure Friday: Omni National Bank It’s turned into kind of a joke: “Failure Friday” has become a staple on many finance and mortgage blogs. Friday seems to be the day that regulators seize failing banks, and in the current climate, some people really like to hear about these failures. Failure Friday is almost an [...]
Latest News in Mortgages and Home Loans- March 24, 2009
March 24, 2009 By Leave a Comment
Mortgage Rates Lower, Thanks to the Federal Reserve Mortgage rates are at new historic lows right now. This is in large part to the Federal Reserve decision on Wednesday to begin buying long-term U.S. Treasuries. Mortgage rates are tied in large part to long-term Treasury bond yields. The new announcement from the Fed amounts to [...]
Latest News in Refinancing Home Mortgages – March 19, 2009
March 19, 2009 By Leave a Comment
Sacramento homebuyers rush to refinance at lower rates – Sacramento Bee Lower borrowing costs triggered a new spike in U.S. mortgage applications last week as borrowers ? including thousands in California and the Sacramento region ? rushed to refinance home loans. Sacramento loan consultant Dennis Graves said most … Mortgage rates likely to fall today [...]
Latest News in Refinancing Home Mortgages – March 05, 2009
March 5, 2009 By Leave a Comment
Many in Mass. may get mortgage help – Boston Globe More than 100,000 Massachusetts homeowners who cannot refinance at current low rates because of falling property values may now be able to do so as part of the Obama administration’s housing plan. The administration yesterday released new details … Answers on Obama’s mortgage relief plan [...]
Latest News in Refinancing Home Mortgages – Feb 26, 2009
February 26, 2009 By Leave a Comment
Mortgage applications decline as refinancing eases – Philadelphia Inquirer WASHINGTON – Mortgage applications fell last week, as refinancing activity slowed. The Mortgage Bankers Association said Wednesday its weekly application index fell 15.1 percent for the week ended Feb. 20. The index came in at 743.5, down from 875.3 … Mortgage applications drop 15.1% – Boston [...]
Latest News in Refinancing Home Mortgages – Feb 19, 2009
February 19, 2009 By Leave a Comment
How Barack Obama’s housing plan might help you – Hartford Courant A Strapped borrowers who have existing conforming loans can apply for a refinance through their existing lender. If they meet the program requirements, including that they occupy the home and can document their income, their lender may be able to … Mortgage applications climb [...]
